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of detroit of their pensions. they worked hard for these pensions. [applause] and let me tell you something, if they, if we stand by while they take the detroiters pensions, they'll be taking our pensions. so don't think it won't happen to us. if they can set a precedent, they'll do it to us again. you know, let me just tell you this: inequality is a scourge on our society. and, yes, we're talking about low-wage workers making $7.25 an hour, we've got to do something about it. but there's the other side of that, the other side of that is that some people are doing pretty good. so between 1979 and 2007, 20, you know, a period of a it little bit less than 20 years, real income rose by 240% for those at the top 1. it's a shameful thing. it is a moral issue. and we have got to fight back at this. let me tell you this, our economy is capable be of producing -- capable of producing enough good paying jobs for everyone. [applause] our economy can do it. this economy can do it. but we can't do it while we're getting trade deals that are shipping our jobs overseas that just leaned on us if a few mon
for the administration to say, oh, we're behind you, detroit. no. we said to wall street $800 billion we're behind you, so that's being behind me. [laughter] >> okay. mark -- [inaudible] that's behind you. what would be some of those policies? >> so wall street caused more damage than what we have put into the budget. there needs to be a financial transaction tax, because when they -- [applause] we lose. and they have to pay for cleaning up the whole mess. not just their mess, not just the mess that let them get their jobs back, get their bonuses back and then argue for a tax cut after they got their bonuses and we saved their bankrupt companies. if we saved aig that was bankrupt, we can save detroit that's bankrupt. and if aig who caused the downturn in the first place could get a bonus because it stated in their contract they had to get a bonus, then detroit city workers can get a pension just hike it said in their contract. [applause] .. which of course makes the united states different and unique from other countries in the world supporting the immigrants now no other country even comes close. but
million of our residents are on food stamps today. one in three households in detroit, according to the associated press, four out of five u.s. adults struggle with joblessness, near porveghts or reliance on welfare. there's no shortage of labor in the united states. there is a shortage of jobs in the united states. our goal must be to help our struggling americans move from dependency to independence, to help them find steady jobs and rising pay, not declining pay. our policy cannot be to simply relegate more and more of our citizens to dependence on the government while importing a steady stream of foreign workers to take the available jobs. that is not in the interest of our country or the people of this country. some contend our unemployed don't have the needed skills. well, let's train them. we now spend over $750 billion a year on means-tested welfare assistance-type programs. that's the largest item in the budget, bigger than social security, bigger than defense, bigger than medicare. and of that amount, we spend about -- for every $100 we spend on those programs, we only
Search Results 0 to 2 of about 3